G-UNI Pools

G-UNI is a framework for Uniswap V3 Positions wrapped into fractionalized, fungible, auto-fee-compounding ERC20 tokens. Customizable LP strategies for a pool can be implemented via the 'manager' role.

G-UNI Features:

• Makes Uniswap v3’s non-fungible liquidity positions fungible, enabling liquidity to be used as money legos in other DeFi protocols

• Automatically reinvests earned fees back into Uniswap to achieve a compounding effect

• Manages the ranges between which liquidity should be provided to always provide concentrated liquidity around the current market price

• Being ERC-20s, G-UNI tokens can be used for liquidity mining schemes to incentivize holders to provide concentrated liquidity around certain price ranges

Overview

G-UNI tokens are also very flexible and can be used for passive and active liquidity management. Passive G-UNIs work by just providing very broad liquidity, similar to Uniswap v2 that never has to be changed. It thus can be completely free of anyone’s control as it does not require changes in its price range.

On the other hand, active G-UNI’s will always target providing liquidity as efficiently as possible around e.g. 5%-10% above or below the current trading price, but still in a completely trustless and automated fashion. This is achieved by having Gelato bots monitor the average price and every 30 minutes will decide to rebalance only if the average trading price is outside the current bounds of the position. If that is the case, rebalancing happens, and the position is withdrawn and redeposited with the proper adjustment to the new trading price.

The advantage of this includes that users can sit back and relax as all the difficulties that come with monitoring LP positions are taken care of. In addition, since G-UNI is an ERC-20, it has the capability of being composable with other protocols. This will come in handy when future protocols decide to implement v3 yield farms.

Technical Documentation

Please see the technical documentation here